The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-10

District.
The agreement wac rejected by the
stockholders and the following resolu-
tons were passed by the stock holders
Of the respec i've companies:
Resoiued That the president OF this
convention have the secretary Of this
meeting OF stockholders notify the di.
rectors OF this company that the Max
we'll House agreement was rejected by
the stockholders of the company, and
the secretary OF the company will no.
tify the Legislative Council of this fact.
Be il further
Resolved, That while we would glad
ly ratlfy it Che Maxwell House agree
ment) because made In good faith by
the president OF the Memphis City
Railroad Company and the president
of the Citizens Street Railway Com.
pany and the Hon. d P. Hadden,
president OF the Taxing District, cub.
ject to the ratification of the board of
directors OF said companies, and sub.
ject to the approval Of the City Coun-
Gil. we the stockholders, upon mature
reflection and consideration, believing
as we do that this agreement, II car
ried out, surrenders important charter
rights of these companies, and
possibly to such an extent
that it might endanger the life CT
the same, hut still being willing
and anxious to act ia harmony with
the city authorities, and being deter
mined to give to the people first
class road and service, a new commit
tee OF four stockholders of these roads
are appointed, with authority to con-
fer with the Taxing District officials
for the purpose, il possible, Of adi ueting
all matters of difference. Upon me-
ton the following committee was APP
pointed: Napoleon Hill, George Ar
mold, Sam Tate, j., and r. Dudley
Frayser. We are, respectfully yours,
ETC.,
R. DUDLEY FRAYSER,
Secretary CitiLons' S. X. X, Co.
JAMES FROST,
Secretary Memphis City X. X. Co.
sP.cY LETTER.
Some days since President Hsdden
addressed circular letter to the stock
holders of the two street railway COM
pauies, and received the following re.
ply from Mr.. Fiayser, which was read
before the Council;
OFFICE or THK CITIzkN'' STREET
RAILROAD COMPANY OF SHELBY COUNTY,
No. Ala MAIN STREKr,
MEMPHIS, Tenn June o, 1887.
The Hon. p. p, Hadden. President of the
Taxing District:
DEAR SIR-I herewith return your
notice OF June s, 1887, addressed Ia
Thos. Barrett, r. d. Frayser, George
Arnold. Napoleon Hill, ]. T. Frost
]. Frost, r. B. Snowden, Sam Tate, jr.
VIM. H, Carroll, J. T. Farga,on, W,
j. Crawford, E. Goldsmith, cashier
German Bank, F. II. White and Geo
Gillian, as stockholders and bond
holders Of the Memphis City Railroad
Company. 1 think it useless to in
form you that these gentlemen are
not running the road, and
therefore cay to you in return
ing this note, that l believe yor
sent the notice to the other gentlemen
and myself with an anxiety more t
vex and annoy them than to have thu
work done. You have been sufficient
ly long connected with corpOrationI
yourself to know that the officers arr
the proper persons to be notified OF an!
legal duty to be performed withou
singing out the stockholders an
bondholders concerning matters this
they have moth nR to do with. l az
respectfully, etc,
President M. q. X. X. Co.
When the discordant declarations
of Secretary and President Fraysel
came out, President Hadden stateC
In reply that he had no warfare II
make upon Mr., Barrett or Mr. Fray
ser; that he was after the railroad
company in the interest OF the public
and as Messrs. Barrett and Fray, Of
were the active agents Of the compa
ny, f course hs necessarily came II
contact with them. That his objec
was also to protect the clty's interes
eight years hence, when the charter
of the Memphis City Railroad Compa
ny would expire, and he did not want
to let the city's future rights sliE
away. That the use Of Main, Poplar
and Bsale streets was valuable, ant
he wanted the city to get the benefit
The president continued in this veir
for nearly five minutes, and satisfied
his associates that his policy toward
the street railway companies wa
prompted purely by a desire to protec
the city, present and future.
The Council then adj burned.